President Supports Retirement Security Bill
Statement by the President

I applaud Congressmen John Boehner and Sam Johnson for introducing
legislation today to strengthen the retirement security of American
workers. Consistent with the principles that I outlined at
the beginning of this month, their bill would protect workers by giving
them freedom to manage their own retirement savings, fair notice of any
blackout period, and better access to sound investment
advice. This bill also assures that corporate officers would
be held to the same restrictions as those imposed on workers.

This bill, and other good legislation like that introduced by
Congressmen Portman and Cardin, will help provide economic security to
both workers and shareholders. I look forward to working
with the Congress in a bipartisan fashion to enact these important
protections into law.